Ace Athletics Youth Soccer Academy

Analysis

Ace Athletics Youth Soccer Academy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ace Athletics Youth Soccer Academy reported income of $645k and spending of $645k, spending 100% of its income. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ace Athletics Youth Soccer Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Plainedge Soccer Club Ltd ($645k), Grand Rapids Amateur Hockey Associa ($645k) and Titus County Fair Association Inc ($644k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $156k (24% of expenses). Other salaries and wages came to $91k. At year end it held assets of $147k against liabilities of $15k, net assets of $131k. It reported 4 employees.